Having recently moved to London, you might be thinking about finally investing in property there. After spending some time looking at various properties in and around London, it is very easy to see why investing in this market is one of the most attractive investment options available today. Generally, real estate investment UK can be very profitable, and as London is the country’s capital, it makes it a location where there is much to gain from making a smart property investment.
If you buy the property correctly, then your rental income will more than cover any mortgage payments – meaning that you can invest for free. If you invest wisely, there are also huge gains to be made from capital appreciation (especially with central London property). However, as with any market, there are risks – but if you’re a risk-taker who’s willing to explore all possibilities and learn from mistakes, then buying an apartment or house in London could be the perfect investment.
London is one of the most profitable places in the world to invest and buy property. Properties in prime central London have been known to appreciate by over 100% in just five years. However, buying property in the capital is no mean feat – it’s not as simple as just picking up the phone and making an offer on a flat or house that you like the look of. Firstly you need to know which areas are good for investment so do your research on an area before you jump right into buying a property there. There are plenty of opportunities available, so if this is something you’re interested in, you must think about choosing your location wisely; this could make all the difference between a successful investment and one that causes hassle down the line.
So how do you invest in property to get the best returns?
The most important thing is to ensure that your mortgage payments are manageable – remember, you’re not just buying an asset but also making a financial commitment for several years ahead, so factor this into your decision. Think about what type of property you’d like to invest in as well – flats are far easier than houses, so if you struggle with DIY, then perhaps consider something smaller instead! Look at the surrounding area; it’s always important to invest in somewhere with good amenities.
If you invest in a place that is isolated, it could be tougher to rent out or attract buyers. Make sure you invest only what you can afford to lose – remember, if the worst comes to the worst, the property will go back onto the market, and someone else may buy it!
Learn about your mortgage options – if you want some help with buying a home, then use a broker such as Upad or My Mortgage Match to make the process easier. As they’re not tied into any particular lender, they can offer impartial advice and find mortgages that suit your needs. You should also take advantage of relaunching offers or new rules for first-time buyers, which often pop up – these can give you big savings on even a typical first investment opportunity.
Is it time to invest?
As long as you are aware of the risks and you have sufficient capital, then yes, it is! There has never been a better opportunity to invest – properties in London are great for future returns on your investment and to make long term gains. Moreover, there is no shortage of potential tenants; many experienced investors will also tell you they can guarantee investment success if you invest where the demand is. If you want more insights then speak with a team of experienced property consultants such as those at Mortimers International, they will be able to provide you with the right expertise to make sure that you make a safe and steady investment.